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of <h1>Government exempts 5% ethanol-blended petrol from excise duties for July-August 2004 under Central Excise Act and Finance Acts.</h1> The Central Government issued a notification exempting 5% ethanol blended petrol from excise duties for the period from July 1, 2004, to August 3, 2004. This exemption applies to duties under the Central Excise Act, 1944, the Finance (No.2) Act, 1998, and the Finance Act, 2002. The exemption is contingent upon the appropriate duties being paid on the 95% motor spirit and 5% ethanol used in the blend. This decision aligns with a prevalent practice of non-levy of excise duties during the specified period.
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